Intershop Communications AG | Press Release |
Intershop Appoints Close Brothers Seydler as New Designated Sponsor
Close Brothers Seydler responsible for Intershop's shares traded on the XETRA and on all other German exchanges
Jena/Frankfurt am Main, Germany, February 18, 2008 – Intershop Communications AG has mandated Close Brothers Seydler AG to act as its designated sponsor beginning February 15. A leading securities trader specializing in mid caps, small caps, and micro caps, Close Brothers Seydler will be responsible for the Intershop Communications AG shares traded on the XETRA electronic trading platform as well as on all other German exchanges.
“Close Brothers Seydler AG acts for numerous listed IT and software companies,” says Andreas Riedel, CEO of Intershop Communications AG. “Given the global nature of our operations, that makes them the ideal partner for us.”
Close Brothers Seydler AG’s role will include further boosting liquidity, targeting selected institutional investors, and supporting Intershop during roadshows in Germany and abroad.
“We’re delighted that a major provider of e-commerce solutions such as Intershop has chosen us, the market leader in designated sponsoring,” says René Parmantier, CEO of Close Brothers Seydler AG.
About Close Brothers Seydler:
Close Brothers Seydler AG is a securities trading bank that has been part of the Close Brothers Group since 2005. With over 160 mandates, Close Brothers Seydler is the market leading Designated Sponsor and is one of the leading floor specialist traders on the Frankfurt Stock Exchange in equities and bonds with over 2,000 accounts. The company is represented in London with Close Brothers Seydler Limited. Close Brothers is the biggest independent European investment bank with focus on mid-sized transactions.
Other financial services of the bank include investment funds, asset mangement, securities trading and treasury.
Close Brothers was founded in 1878 as a merchant bank and belongs today to one of the 200 biggest listed companies on the London Stock Exchange with a market capitalisation of €1.2 bn. Around 2,500 employees work for Close Brothers worldwide, 150 of which in Germany.
Close Brothers is also represented in Germany with Close Brothers GmbH, one of the leading partners for corporate finance services. Further information can be found under www.cbseydler.com
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.
This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.